PENGARUH PENGUNGKAPAN ENVIRONMENTAL, SOCIAL, AND GOVERNANCE (ESG) TERHADAP KINERJA KEUANGAN DENGAN KOMITE AUDIT SEBAGAI PEMODERASI (Studi Empiris pada Perusahaan Manufaktur yang Terdaftar dalam Bursa Efek Indonesia Tahun 2020-2022)

Abstract

This study aims to examine the effect of non-financial information disclosure, namely environmental, social, and governance (ESG) disclosure on the company's financial performance. This study was also conducted to examine whether the Audit Committee strengthens the influence of environmental, social, and governance (ESG) disclosure on financial performance, whose research results have not been consistent. The independent variable of this study is financial performance proxied by return on assets (ROA), whereas the dependent variable is environmental, social, and governance (ESG) disclosure. This study uses the Audit Committee, measured by the number of Audit Committee meetings, as a moderating variable. The object of this study is all manufacturing companies listed on the Indonesia Stock Exchange from 2020 to 2022. The study sample selection was conducted using the purposive sampling method and the number of final samples used in this study amounted to 102 data. This study is a quantitative study and the data was processed using moderated regression analysis (MRA). The results show that environmental, social, and governance (ESG) disclosure does not affect financial performance. In addition, the Audit Committee is unable to strengthen the influence of environmental, social, and governance (ESG) disclosure on the company's financial performance.